“Inflation can reach 30%, the average annual dollar exchange rate will fluctuate around 42 hryvnia,” RIA Novosti quotes him.

Shmyhal also said that the draft state budget of Ukraine for 2023 provides for the allocation of $29.8 billion for security and defense, which is four times the amount planned for 2022.

Earlier, State Duma Speaker Vyacheslav Volodin announced the loss of financial independence by Ukraine.

According to him, without the help of Washington and Brussels, Kyiv can no longer fulfill its obligations to citizens.

Candidate of Economic Sciences Mikhail Belyaev, in an interview with RT, commented on Volodin's statement.